Dai Nippon Printing Co.,Ltd.

The company holds multiple products with the world's top market share, including metal masks for OLED display manufacturing, optical films for LCD TVs, and photomasks for semiconductor manufacturing. In FY2026 (ending March 2026), the Electronics Division's operating margin stood at 20.1%, significantly above the company-wide average of 6.7%. The company continues to expand its supply capacity through proprietary capital investment, including the launch of an 8th-generation large metal mask line at the Kurosaki Plant and the introduction of a 2,500mm wide coating device at the Mihara Plant.

Operating profit in FY2026 (ending March 2026) reached ¥101,039 million (up 7.9% year on year), maintaining a revenue growth trend for five consecutive periods. The operating margin of the Smart Communication Division improved from 4.8% in the previous period to 5.3%, while that of the Life & Healthcare Division improved from 4.8% to 7.3%. Business structural reforms centered on optimizing human capital and fixed assets have simultaneously improved profitability across multiple segments, strengthening the profit structure of the group as a whole.

For Solar Cell Encapsulants, the company established an increased production system by launching a production line at the Izumizaki Plant (Fukushima Prefecture) with approximately double the previous capacity in October 2025. For Lithium-ion Battery Pouches, the company integrated manufacturing know-how by acquiring all shares of former Resonac Packaging (now DNP Advanced Materials Hikone) to maintain and expand its top market share. Both cases represent proprietary production capacity and technological foundations built through the company's own capital investment and M&A.

Under the new Medium-Term Management Plan (FY2026-2028), approximately ¥30 billion in capital investment is being made in Photomasks for Semiconductor Manufacturing. Progress includes the launch of an 8th-generation large Metal Masks for OLED Display Manufacturing production line at the Kurosaki Plant (more than double the conventional capacity), a 2,500mm wide-width optical film line at the Mihara Plant, and a TGV Glass Core Substrate pilot line at the Kuki Plant (operational from December 2025). Expansion into cutting-edge fields such as EUV lithography-compatible photomasks and nanoimprinting also continues.

A production line that approximately doubles the conventional production capacity for Solar Cell Encapsulants was introduced at the Izumizaki Plant (Fukushima Prefecture) in October 2025, contributing to increased production volume. For Lithium-ion Battery Pouches, the product portfolio is being expanded into the ESS (energy storage system) field, pursuing a strategy to offset weak demand from automotive applications. Synergy generation is also progressing through the business integration of mobility-related and living space-related operations (October 2025).

Rubicon SEZC was made a consolidated subsidiary in July 2025, initiating collaboration with government-oriented ID authentication services (Laxton brand) centered on Africa. The company is accelerating the global expansion of IC cards and card printers, while also promoting expansion of the BPO business and development of emerging markets for the photo imaging business. Goodwill increased from ¥10,295 million to ¥30,554 million, reflecting business expansion through M&A on the financial statements.

In FY2026 (ending March 2026), share buybacks of ¥50,752 million and the cancellation of 85,000,000 shares were carried out. While issuing ¥100,000 million in corporate bonds to secure funds for growth investment, the company continues to reduce policy-held shares through the sale of investment securities (income of ¥57,803 million). The annual dividend was set at ¥40 (up ¥2 year on year), with ¥41 planned for FY2027 (ending March 2027). The new Medium-Term Management Plan clearly states a policy of progressive dividends and raising the dividend payout ratio.

The pilot line for TGV Glass Core Substrate for next-generation semiconductor packaging (Kuki Plant) began operation in December 2025, with the provision of high-quality samples starting from January 2026. The company is promoting company-wide optimal utilization of generative AI to transition to AI-premised business operations and decision-making processes. Efforts are also underway to expand the content (IP such as anime) business globally and to create new services utilizing XR and the metaverse.